Mortgage Choice CEO John Flavell has labelled the changes to negative gearing proposed both by the federal government and the Labor Party as “fundamentally flawed”. The federal government recently announced it would make some significant changes to the...
One of the country’s most senior politicians has outlined a number of ways the government could improve housing affordability. Greg Hunt, Australia’s acting minister for cities and the built environment, told the Sydney Business Chamber that...
The Housing Industry Association (HIA) convenes today at its annual Building Better Cities Summit, where this year’s theme is about reforming the tax system. HIA spokesman Greg Weller said tax reform is the biggest economic issue on the national...
Retrospectively terminating negative gearing would not only be inherently unfair to the increasing number of Australians who have included property as a part of their long-term financial strategy. It could have serious implications on Australia’s...
Mortgage Choice CEO John Flavell has hit out at the lack of industry consultation in the lead-up to the federal parliamentary inquiry into home ownership. Labelling the inquiry as “another case of political grandstanding”, Mr Flavell said that while...
Commissions on superannuation, retail investment and group life insurance products have already been banned and the remuneration of risk insurance advisers is under scrutiny again. Are mortgage broker commissions the next target asks Mark Woolnough The...
The Property Council of Australia says scrapping negative gearing is an ill-conceived policy that would hurt poorer Australians. The lobbyist's chief executive Ken Morrison has criticised a proposal by The Greens, who want to remove negative gearing...
Australia’s parliament has launched an inquiry into home ownership in a sign that affordability remains a key political issue. The House of Representatives Standing Committee on Economics will examine current rates of home ownership, demand and supply...
Liberal, Labor and Greens parliamentarians have joined forces to call for an end to stamp duty. The final report of the Senate Economics References Committee’s affordable housing inquiry described stamp duty as a “flawed” revenue source. “The committee...
Demands for negative gearing reform have recently come from an unlikely source – a mortgage lender. HomeStart Finance, a first home buyer specialist owned by the South Australian government, has responded to the release of last week’s tax discussion...
If ever there was a good time to look at changes to stamp duty it would be now, writes CoreLogic RP Data senior researcher Cameron Kusher Given where the property market now stands any changes to stamp duty should be implemented sooner rather than...
Labor and the Liberals have been urged to put property reform “at the top of the political agenda” if they win the upcoming Queensland state election. The Real Estate Institute of Queensland said the next government should abolish stamp duty, extend...
Brokers have drawn up a wishlist for Tony Abbott’s first Budget that includes introducing a first home owner’s grant and reforming the valuation system. Smartline Melbourne broker Jeremy Kruse said a first home owner’s grant would help his clients,...
Staff Reporter In a positive sign for the economy, new home sales bounced back in March. According to the Housing Industry Association’s (HIA's) new home sales report, total seasonally-adjusted new home sales increased by 4.2 per cent in March 2013,...
Staff Reporter State and territory governments must reform stamp duty if housing affordability is to be addressed, the Real Estate Institute of Australia (REIA) has claimed. “Stamp duty has long been identified as the most inefficient of all state...
Staff Reporter The Housing Industry Association has handed a new report to the government in a bid to improve Australia’s housing situation. The report, which was undertaken by the Centre for International Economics, found the residential building...
Staff Reporter The Housing Industry Association has labelled the Federal Budget “disappointing”. The budget, which was released last night, failed to inject much needed stimulus into the housing market. While the Budget did manage to provide a handful...
Staff Reporter The outlook for Australian housing is deteriorating, a new report has revealed. According to the latest Housing Industry Association National Outlook, conditions slumped for the housing industry in the final quarter of 2011 and into...
The Real Estate Institute of Australia (REIA) is calling on the Federal Government to review the taxes currently paid by home owners. At present, former NSW premier Nick Greiner, former Victorian premier John Brumby and Bruce Carter of Ferrier Hodgson...
Staff Reporter Australia’s undersupply issue can be largely attributed to poor government decisions regarding tax, the Housing Industry Association has claimed. Independent research commissioned by the HIA from the Centre for International Economics...
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